After careful analysis, you have determined that a firm’s dividends should grow at 7% on average in the foreseeable future. The firm’s last dividend was €3. Compute the current price of this stock,...

After careful analysis, you have determined that a firm’s dividends should grow at 7% on average in the foreseeable future. The firm’s last dividend was €3. Compute the current price of this stock, assuming the required return is 18%.